The crypto market tries to hold firm after the recent volatility in the market
The crypto market is trying to maintain stability after recent market volatility. Three weeks ago, Bitcoin’s price fell to the $75,000 level amidst a sharp market crash. However, with the current price at $95,500, Bitcoin enjoyed a significant surge of over 10% last week. Still, the leading cryptocurrency has a 2% gain in the last 24 hours.
Global economic tensions impact crypto market
Global economic tensions have impacted the broader crypto market, including new tariffs and trade wars. The U.S. is actively discussing the new trade consensus, as the imposed policies do not seem very effective. However, the markets still wait for the next moves from the U.S., as investors’ sentiments are fading until the government reaches final tariff policies.
Another positive signal for the crypto industry is the Federal Reserve’s inclination to cut interest rates shortly. A reduction in rates would typically stimulate investment in riskier assets like cryptocurrencies, giving hope to traders and investors alike.
Ripple Eyes a Breakthrough Amid ETF Momentum
Ripple’s XRP has captured significant attention after posting a strong performance over recent days. Market speculation about the approval of an XRP exchange-traded fund (ETF) within 2025 is gaining ground. Approval could spark a strong price surge, possibly pushing XRP to new all-time highs.
The recent launch of the Teucrium 2x Long Daily XRP ETF (XXRP) is already making waves. In just a few days, XXRP secured more than $42 million in assets, signaling institutional confidence. According to JPMorgan, spot crypto ETFs could attract inflows exceeding $8 billion in the first year.
CoinShares’ latest data reinforces XRP’s rising momentum. Institutional investors poured $31.6 million into XRP products over the last seven days. Cumulatively, XRP inflows now stand at $70.7 million for the month and a towering $246 million year-to-date, outpacing many competing assets by a wide margin.
Solana Gets $1 Billion Vote of Confidence
Solana (SOL) is recovering in dramatic fashion. After tumbling below $1,000 in the latest correction, the asset shows renewed strength. Its history of resilience is notable, especially considering SOL’s plunge to under $10 during the FTX collapse in 2022, followed by multiple all-time highs since then.
Backing its renewed momentum, Solana has secured close to $1 billion in new capital from venture firms and institutional investors. This fresh wave of investment is not just a testament to Solana’s technology but also a major reinforcement of its future prospects.
Although Solana’s price experienced instability recently, the massive institutional commitment suggests a bullish outlook. This injection of funds is expected to accelerate development across Solana’s ecosystem, laying the foundation for new applications and innovative use cases.
Dogecoin’s Bullish Signs Strengthen After Breakout
Dogecoin (DOGE) has impressed traders with a 12.30% weekly rise, making it one of the key cryptocurrencies to monitor closely. This upward trend signals that Dogecoin might be setting the stage for a broader recovery in the weeks ahead.
Crypto analyst Jonathan Carter has spotlighted a potential major rally for Dogecoin, stating, “minor consolidation in Dogecoin on the two-day price chart before the bull run begins.” The original memecoin shows resilience as its uptrend continues, although it is currently hovering near the $0.18 level.
According to Carter, Dogecoin’s next targets could include $0.23, $0.29, and even $0.34, provided that market momentum holds. These bullish levels, if reached, would mark significant milestones for the veteran cryptocurrency, offering opportunities for long-term gains.
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